Creating and storing a home inventory

Home insurance protects your largest investment from a great many of the hazards that can befall it. While coinsurance covers everything, it can give you confidence your home is as safe as possible. At Abney Insurance, serving the greater Winter Garden, FL region, we are independent insurance agents and our team has the knowledge you require to make the correct choice when it comes to home insurance. 

Why create a home inventory?

If you ever need to file a claim for damages to your home, having an inventory can greatly facilitate the resolution of your claim. Your inventory will provide the information you need to tell what was lost. 

You can create a home inventory by using a pad and a pen. You will also need to bring along a camera or a cell phone. Begin in the room of your choice and list all the items in the room. Open any drawers or closets and make a list of what is inside. Give as much detail as possible, including make and model, and any serial numbers there may be. Take pictures of the room from a variety of angles. 

Do this for every room in your home. If you have any expensive items, it is worth getting an appraisal. Attach any receipts you may have to back up the information you have. Don’t forget to go up to the attic and into the basement. You want your list as complete as possible. Attach the correct photos. 

Now comes the important part; storing your inventory. You want it to survive anything that might happen. It is best stored away from your home. One of the safest things you can do is to make sure your inventory is available on the cloud where it is sure to survive.  

Reach Out To Us

Contact Abney Insurance in Winter Garden, FL if you have home insurance needs or questions. 

Home Insurance in Florida: Do I need it if I’ve paid off my mortgage?

Congrats on paying off your mortgage! One less bill to worry about, right? But even if you’ve paid off your home loan, you might still wonder whether you need to continue to carry home insurance. Our insurance experts at Abney Insurance in Winter Garden, FL is here to help. 

Home Insurance After Paying Off Mortgage

Florida homeowners insurance is not required by law if you own your home outright and there is no mortgage on the property. However, just because it’s not required doesn’t mean it’s not a good idea.

There are many reasons why you might want to keep carrying your home insurance policy even after your mortgage is paid off. For one thing, home insurance can protect you from unforeseen circumstances such as storms, fires, and theft. If your home is damaged or destroyed, your home insurance policy can help you pay for repairs or replacement costs. Without homeowner’s insurance, you will need to pay for repairs out of your own pocket.

Furthermore, most homeowners associations (HOAs) require members to carry some level of home insurance even if their mortgage has been paid off. So if you’re part of an HOA, check with your HOA board to see what kind of coverage they require.

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Ultimately, the decision of whether or not to keep carrying home insurance after your mortgage is paid off is up to you. However, we recommend that you at least consider maintaining some coverage for your Winter Garden, FL home. Home insurance can protect you from unexpected events and also may be required by your HOA. If you have any questions about whether or not home insurance is right for you, contact Abney Insurance, and we’ll be happy to help!

How Often Should I Review My Home Insurance Policy?

At Abney Insurance, serving the greater Winter Garden, FL area, we can help residents purchase a home insurance policy. One of the questions our customers often ask us is how frequently they should review their home insurance policy to ensure it still meets their needs. Here is the answer to that question. 

After Completing a Home Renovation or Remodeling Project

After completing a home renovation or remodeling project, the home’s size, layout, and materials used in your home may change. A home insurance policy helps cover the cost of returning your home to its pre-accident state after an unexpected event occurs. Home renovation or remodeling project costs can change with the value of your home. You will want to bring it back to its pre-accident state, which means you may need more coverage.  

When It Is Time to Renew Your Home Insurance Policy

Additionally, it is highly recommended that you review your home insurance policy at least once a year. Most people think about this when it is time to renew their home insurance policy. This can be a great time to review your policy and ensure it still meets your need while pricing out new policies to ensure you are paying a fair and competitive amount for the policy you currently hold.  

If you have recently completed a home renovation or remodeling project, or if it is time to renew your home insurance policy, Abney Insurance, serving the greater Winter Garden, FL area, can review your home insurance policy to ensure your policy still meets your needs. Call us today to schedule an appointment.